Apparel Losers: Carter's, Iconix, VF Corp.

Apparel makers are in the red on some disappointing earnings results.

Author:
Jeanine Poggi
Publish date:
Oct 27, 2009 2:25 PM EDT

Apparel makers are in the red on some disappointing earnings results.

NEW YORK (

TheStreet

) -- Apparel makers are on a downward spiral after some disappointing earnings news.

VF Corp.

(VFC) - Get Free Report

, maker of Lee and Wrangler jeans, is tumbling 7.1% to $72.88 after it reported on Monday third-quarter earnings and revenue that missed estimates.

During the quarter, the company earned $217.9 million, or $1.94 a share, down 7% from $233.9, or $2.10, in the year-ago period. Analysts were expecting a profit of $1.95 a share.

Revenue slipped 5% to $2.1 billion from $2.2 billion last year.

Carter's

(CRI) - Get Free Report

is topping the New York Stock Exchange as one of the biggest decliners, after it delayed reporting its third-quarter results while it reviews its accounting regarding wholesale customers. The company said it will likely report by Nov. 12.

Shares of the children's apparel maker are off 24% to $21.51 in afternoon trading.

Iconix's

(ICON) - Get Free Report

shares are also sinking after the company released a

disappointing 2010 outlook

Despite posting a 25% jump in third-quarter profit, shares are down 7.5% to $12.37 in afternoon trading. Iconix expects 2010 earnings in the range of $1.25 to $1.30 a share, below Wall Street's consensus of $1.34 a share.

Other notable decliners include

Columbia Sportswear

(COLM) - Get Free Report

, which is decreasing 3.8% to $38.90,

Warnaco

(WRC)

, which is falling 1.9% to $42.30,

Gildan Activewear

(GIL) - Get Free Report

, which is losing 4.9% to $17.82 and

Liz Claiborne

( LIZ), which is off 6.7% to $6.13.